AUSTRALIAN NEWS.

Wanganui Chronicle, Volume XXXVIII, Issue 12120, 5 December 1894, Page 2

AUSTRALIAN NEWS.

[By Electric Telegraph— Copyright.]

(Peb Press Association.) Melbourne, December i. Mr Turnpr cabled tha Agent-General to delay tlio fears of English bond-hold-ers in connection with tho recent fall of stocks by stating that the Govtrnraent attitude tho fall to some temporary market inlluenco rather than to any permanent cause. I Sydney, December 4, The Postal Department states that it will bo necessary to hold a conference to deal with Victoria's withdrawal from the cable subsidy if the latter adheres to its decision. It is hardly likely that the other colonies will contiuuo to guarantee as they would havo to lind the additional £5,000. In connection with the new works contemplated by Government, stringent conditions aro made that only men domiciled in New South Wales for six months shall have any chance of employment. The Premier btates that if the majority of the colonies represented at tho postal conference in March next decide to continue the obla guarautei", Victoria will not stand aloof. Pketu, December 4. Mr Marmion, Minister of Mines, resigns owing to the decision of the Assembly, " Tbafc it is inadvisable that a Minister of tho Crown should hold a seat on the d rectorate o£ a mining campatiy. A re-arrangement of Dortfolios is likely to ensue.